Executive pay is firmly in the crosshairs of Norway's $1 trillion sovereign wealth fund as it puts its votes to work at some of the more than 9,000 companies it is invested in. The world's biggest sovereign wealth fund, built on Norway's oil revenues, has become a more active shareholder in recent years and since 2017 has called for changes including the scrapping of long-term incentive plans and simpler and more transparent packages.

Engineering group Alfa Laval (ALFA.ST) reported quarterly earnings and order intake above market expectations on the back of an upturn in the oil and gas sector on Monday and forecast demand would remain at the same level in the second quarter. The company, a maker of products such as heat exchangers, separators and ballast water treatment equipment, reported order intake of 10.0 billion crowns (844.68 million pounds), above the 9.6 billion seen by analysts. "Improved activity in upstream oil and gas, on shore, as well as in the off-shore sector contributed to both Energy and Marine reporting a somewhat better order intake than we had expected," it said in a statement.

By Helen Reid and Danilo Masoni LONDON (Reuters) - European shares fell back on Tuesday as global markets took a risk-averse turn, with cyclical sectors including mining and financials suffering the sharpest ...

European shares fell back on Tuesday as global markets took a risk-averse turn, with cyclical sectors including mining and financials suffering the sharpest losses. Europe's STOXX 600 ended down 0.9 percent, ...

By Helen Reid LONDON (Reuters) - Earnings were the main driver for European stocks on Wednesday, with luxury conglomerate Kering shining after sales at Gucci surged, as benchmarks were muted as investors ...